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Term time contracts

(10 Posts)
Howlingwithlaughter Tue 04-Aug-15 19:59:10

Does anyone know if there's a magic formula for calculating a days pay?
I naively thought I would divide my annual salary by the number of weeks I am paid for, then by the number of hours per week and then multiply it by my hours per day.

LIZS Wed 05-Aug-15 13:08:03

You should be paid for the equivalent of about 40-43 weeks (depending on the definition of termtime plus a paid holiday allowance). Some companies would work this out in hours rather than weeks. So you divide the amount by number of paid weeks then number of hours worked per week.

Howlingwithlaughter Wed 05-Aug-15 13:37:28

Thank you LIZS. The reason for my question is that I can't equate what I have received for two days work to the pay I have received & I wanted to make sure that I wasn't missing something. Our bursar has contacted the payroll department and has been told that I have been paid the correct amount (which is just over half of what I was expecting) I have asked payroll to confirm the formula used but have had no response as yet

MissLegal02 Wed 05-Aug-15 14:11:54

The way a day's pay is calculated is often set out in the contract in the holiday section.

If you work full time the calculation normally = annual salary x 1/260.

Basically divide your annual salary by then number of working days in a year which would include paid holidays.

Howlingwithlaughter Wed 05-Aug-15 15:18:55

Thanks. I work 5 days pw and am paid for 43 weeks per year. Dividing my salary by 215 gives me a figure of roughly £40 per day. I have been paid £47 for two days work. I shall wait and see if payroll can explain their calculation to me!

MissLegal02 Wed 05-Aug-15 15:57:15

My calculation is based on gross figures. If your daily pay is £40 per week gross, after tax this may amount to £47 in your pocket for the two days but check with your payroll

Howlingwithlaughter Wed 05-Aug-15 16:33:49

My earnings are below the threshold for both tax & NI. No matter what way I calculate it, I still can't agree their figure. Will just have to wait & see what they come back with. Tried to speak to them about another matter last week but they were unable to discuss it over the phone due to data protection. Had to resort to emailing them instead but not holding out much hope!

Howlingwithlaughter Wed 05-Aug-15 17:18:24

Having been put through to someone who would be able tell me the formula but not discuss actual amounts, I am no further forward. They literally had no clue hmm Hey ho, will have to wait until after the holidays!

Millymollymama Wed 05-Aug-15 18:12:03

Your annual salary should be quoted to you pro rata. Ie: The actual full time annual salary for your job reduced to reflect the part time hours. Eg. £5200 for 52 weeks would be £100 a week x 43 weeks = £4300 for the pro rata salary and then reduced again by the proportion of hours you work, eg 18/32 or 20/37 for example. The final pro rata salary, based on your hours, is then divided by 12 to give a monthly sum with deductions made as appropriate. Given that you have an annual salary, I am not sure that anyone calculates the pay by the day. Usually you will be paid monthly with an annual salary. If you have agreed a daily rate for X number of hours per day, that is different.

Howlingwithlaughter Wed 05-Aug-15 19:24:19

Thanks milly. My contract does state all of that. The confusion seems to lie in the fact that I did not start my job on the 1st of the month and am, therefore, due a pro rata payment for the days I worked in my first month. Despite my best efforts, the payroll department seem unable to clarify how they calculated that payment. I work with figures for a living and it's that 'hat' I'm afraid that makes me need to understand it all smile

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